National Minimum Wage changes for 2024
The Government have now published the National Minimum Wage (NMW) rates for 2024. Please note, these do not come into effect until 1 April 2024. The new rates are:
- 21 and over (National Living Wage): £11.44
- 18 to 20: £8.60
- Under 18: £6.40
- Apprentice: £6.40
Members will notice that the 2024 rates do not contain a 21 to 22 category, which is normally included. The government have removed this age category which means from 1 April 2024 all workers aged 21 and over will be entitled to the National Living Wage of £11.44. The increase to NLW amounts to an almost 10% rise, which is the largest increase in the last decade. It has been reported that this measure has been taken as part of the government’s manifesto to end low pay for those living on the NLW.
These changed should be implemented from 1 April 2024 onwards.
